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To: kristinn

I wonder if this realization has anything to do with the market tanking the last two days. That is, the man with the smoke and mirrors might be going away.


6 posted on 01/21/2010 7:21:27 PM PST by XEHRpa
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To: XEHRpa
Nope, the market is tanking on the Obama bank proposals, to forbid proprietary trading to any bank that takes deposits.

Populism is stupid. He will ride it straight into the ground. It won't benefit the actual economy and nobody will vote for him for beating up on bankers, when it just keeps the economy smashed.

The economy recovers strongly when banks make loans again, which will happen five minutes after people stop welshing to them on every piece of paper ever, and pols stop using them as punching bags.

Which could be never, I suppose...

25 posted on 01/21/2010 11:07:22 PM PST by JasonC
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